Oracle Already Controls 24 Per Cent Of Textura…

Textura-Owned-By-Ellison-2016In an SEC Schedule 13D filing made on Monday, Oracle’s acquisition subsidiary is listed as posssessing the right to control just under 24 per cent of all the voting stock of Textura, already. Actually 23.9 per cent, but it matters little. There will be no required shareholder vote, under applicable Delaware law. The only question is whether 66 and 2/3 per cent of the shares are tendered in for the $26 per share cash out price.

Effectively, then all we are waiting for is the expiration of the required Hart-Scott period, and then a closing.


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